The band struts it well on this live performance on Jay Leno's show and your author turns it up loud to drown out the incessant bullshit coming from the mouths of Peru's candidates. Ten days and there'll only be two voices left....can't come soon enough.

Meanwhile, a Friday OT extra as the person who took this video just days ago shares vacation fun time.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 1, 2011) - Greystar Resources Ltd. (TSX:GSL - News; AIM:GSL) (the "Company") ("Greystar") announces today that it has appointed Evolution Securities as its Nominated Advisor with immediate effect.Evolution Securities Limited is a leading investment bank focused on serving its international institutional and UK corporate client base. It provides a range of investment banking services and isauthorized and regulated by the Financial Services Authority.

6) IKN leaves the op-ed on all this to Owly:

(but make sure you read the link at part 1), yeah? It's Evolution, Baby!

PS: to one specific reader. Don't ever try to exercise editorial control on me, fool. Not even a freakin' suggestion of it. Consider this a shot across your bows and never piss me off like that again because this time you got off lightly.

UPDATE:A chart and more owly:

Gotta love owly. DYODD, dude.

Disclosure: I've just been asked for a disclosure on this stock, which is fair enough, so here we go: No position long or short in GSL.to, but it was mentioned as a potential short-term trading buy in IKN99 last weekend (a timeframe I'm usually not very good at). I have no knowledge on whether subscribers acted on that suggestion.

LIMA, PERU--(Marketwire - April 1, 2011) - GoldSands Development (OTCBB:GSDC - News) announces that the Company's name has been changed from Constitution Mining Corp. (Old Symbol: (OTCBB:CMIN - News)) to GoldSands Development Company. Effective tomorrow the company's new trading symbol on the OTCBB is (GSDC.OB) and GoldSands Development Company new website is located at www.goldsandsco.com

With the new name, the company wants to express an expansion of its focus to assist with the development of the entire region where the company is working in Peru. Our company is working towards building trust and sustaining yada yada continues here

The scam we know as Constitution Mining (CMIN.ob) is helpfully changing its name to 'Goldsands Development Company' soon

Q: What does the chart of a bullshit OTC pump'n'dump scam look like?

A: It looks like this.

The upcoming name change got filed with the SEC yesterday, check it out here. "But why is this a helpful turn of events Otto?", I hear you ask. Well folks, that's because with a name that clear it's even easier to avoid this scam on reading today's headlines out of Peru:

Government Will Today Send Law Bill to Congress Against Gold Dredgers in The Amazon BasinThursday, March 3 2011, 7:02am

The Government will today send a Bill to Peru's Congress that will definitively prohibit the working of dredgers in all Amazon basin rivers.

In this way, the initiative girst reported by CPN Noticias on Monday and approved by the ministerial cabinet, wil be analyzed and sanctioned as quickly as possible so that the decommissioning of all dredging mahcines has a legal recourse.

The dredgers are considered to be one of the main causes of environmental deterioration in the jungle region and are located in the River Negro, Ullapichi, in the Pachitea basin Tahuayo, in Loreto, Atalaya in the Marañon river and Napo rover in Putumayo.CONTINUES HERE

Don't say I didn't tell you.And tell you and tell you and tell you........... Anyway, it's the death throes of another scam. Remember the bullshit that Michael Stocker, his greedy Swiss cronies, the scumball Joe Gorman and their band of delinquents foisted on you all the next time the names come up, won't you?

The end of one month, the beginning of another and we make our regular check-in on "the small silvers", that band of junior Ag miners we're tracking to see which makes the best fist of 2011. Here's the updated chart:

click to enlarge

So after a great month IMPACT Silver (IPT.v) moves into number one spot and we're left wondering exactly why IPT.v insists on using block capitals for its corporate title. Anyway, IPT.v is chased closely by Great Panther (GPR.to) and third place goes to big, swaggering FR.to.

After that, only Endeavour Silver (EDR.to) beats out our benchmark, the silver ETF (SLV) so all other are officially considered as underperformers right now. None more so than ECU silver (ECU.to) and it beggars belief that a silver stock can be 20% down with the metal doing what it's been doing so far in 2011. Bill Murphy, Wistar Holt, all the other paid pumpers at GATA and not to mention chief paid shiller Mexico Mike Kachanovsky, your true stock picking ability and your shame is on display for all to see. Reap what you sow.

3/31/11

What i like about Gary BiiWii is that he's nobody's fool, stands his corner and follows no track but his own. Your humble scribe and the BiiWii dude often bicker about differences (after all, he is a freakin' charty) but on the odd occasion when he and I agree on a subject, or more importantly a stock, it's a signal I take very seriously indeed.

We came to a view on Minefinders (MFN) (MFL.to) a while back at almost the same time, he coming from his starting point and this humble corner of cyberspace from its own murky world of spreadsheets and mumbojumbo. But we called it the same. And so far......well,go see Gary's chart and his words for yourself.

Moral: Do like me and associate yourself with way smart people, because it makes you look far more intelligent than you actually are. DYODD.

Hey dudettes and dudes, remember East West Petroleum (EW.v), the Marin Katusa pumped scam that zoomed higher late last year on his incessant pumping? Well IKN does and so we thought it was a good time to see how Marin's bigshot hot tip was getting on since it ran its $30m dollar financing in December. So here's the chart:

Oh looky, the thing has dropped like a stone and is back to the pre-pump price levels. Now there's a shocker. Y'know, I think we should name this kind of chart action after Marin, as I know he'd be pleased to have a moniker out there in TA. So as Bollinger has his bands and Mac has his Dee, what about the Katusa Krush?

Let us remember at this point that East West Petroleum (EW.v) is the very same company that 1) is being pumped by Casey Research and 2) gave fat finder's fees to KBH Capital, the entity comprised of Casey Research's Marin Katusa, Casey Research's Marc Bustin and Casey Research's Joe Hung and also let's note how 3) Marc Bustin was put in as a director of EW.v last year. More details on the sordid connections to Duggie's self-serving empire right here(along with reminders of how Katusa's similar foray with TCF.v ended very very badly).

And the cherry on the cake is that the company chairman is a guy named David Sidoo, a Vancouver restauranteur and buddy buddy of....roll on the drums....yes...you've guessed already havent you?...Marin Katusa! Sidoo dude, you shudda stuck to waiting on tables.

QUITO, March 30 (Reuters) - Canada's Kinross Gold (K.TO: Quote) will invest $1.1 billion in Ecuador's Fruta del Norte gold project until 2016 and could begin digging an underground mine next year, a company executive said on Wednesday. Dominic Channer, a vice president of the Toronto-based firm, said gold production could begin at the site in 2014. Kinross says Fruta del Norte has proven and probable mineral reserves estimated at 6.8 million ounces of gold and 9.1 million ounces of silver, and that it should produce 410,000 gold equivalent ounces on average each year during yada yadacontinues here

All glorious thrusting stuff from Kinross and it immediately reminded your author of another Reuters news story he'd read....back in April 2007.

Kinross Gold expects Cerro Casale development- CEO

(Reuters) - Kinross Gold Corp. (K.TO) expects to develop the big Cerro Casale gold and copper deposit in Chile, with remaining questions centering on when and how, not if, the company's chief executive said on Wednesday. The Canadian miner acquired a 49 percent stake in the property when it acquired Bema Gold earlier this year. It is one of the world's largest undeveloped gold and copper deposits, with estimated reserves of 23 million ounces of gold and 6 billion pounds of copper. "I think realistically if it takes a year to get sorted out on the plan, then it takes two years in construction, so you start thinking about it in production terms 3-4 years out," CEO Tye Burt told Reuters in yada yada continues here.

Golly gosh, Cerro Casale must be producing gold and selling it at $1400+/oz now, right? We're almost exactly four years on from that "3 to 4 years out" prediction from Kinross CEO Tye Burt, after all.

What's that you say? Surely not! They sold a chunk to Barrick and only own 25% now, you say? And still no build decision made on Cerro Casale? That's strange, because it's hardly likely that the CEO of a world class gold miner wouldSPOUT UTTER BULLSHIT TO FOOL HIS AUDIENCE, is it?

But this time at Fruta del Norte it's different. Of course. Oh yes yes yes yes.

...Bolivia's Natgas exports in dollar value per month, January 2006 to date.

I was sitting in the warmth of the office a little later than normal last night, letting Mrs. Rock get on with watching The Black Swan (sorry, tried and couldn't hack it), when it suddenly occurred to me that we hadn't heard much from the "OhMyGodBoliviaGoingDownTheDrainEvoBad" brigade recently. I wondered why that might be so off I trotted to the Bolivian INE Stats people's website and went to the dynamic econ stats charting page (go see for yourself, it's tricky at first but once you've cracked the system it's lots of fun...for nerds that is) to check on Bolivia's top export (41.4% so far this year and beats out metals by about $50m a month).

And sure enough, on checking the figures (then putting that above chart together) I quickly saw why we were hearing nothing from the Evohaters about the state of Bolivia's economy. Bolivian natgas is back, kicking tush, taking names and has just put in the best single month of sales (U$266.2m in Feb'11) since the heady days of that fuel price bubble just before everything went down the crapper in late'08 (seems so long ago now, doesn't it?).

So Bolivia was paid U$310 per capita for natgas by Brazil (mainly) and Argentina (its other client) in 2010. That'll pay for the free school breakfasts, I think.

3/30/11

Part one: Inthis report dated today and timed 07:40am, one-time frontrunner for the Peru Presidential election assures the world that he will not drop any further in the polls than his current 15.0% rating.

For what it's worth,today's IMA poll(margin of error +/- 4%) has Alejandro Toledo in the lead at 23.9%, Ollanta Humala in second spot at 21.9% and Keiko Fujimori in third at 17.6%. Then comes PPK with 16.9% and bottom of the five Castañeda with the aforementioned 13.8%. But be careful from now on, as the polls coming between now and Sunday 3rd are likely to be....errrr......how to put this diplomatically?...errr....to the taste of the owners or commissioners of the surveys.

Today's example of Ottotrans™, bravely taking mining NR gobbledygook and valiantly returning it to a version of the English language that normal, well-adjusted people can finally grasp, comes from the keyboard of the IR department over at Torex Gold Resources (TXG.to).

TORONTO, ONTARIO--(Marketwire - 03/30/11) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX:TXG - News) reports that it is working very closely with Mexican authorities and security measures are being discussed that will permit the Company to resume its exploration and drilling activities at its Morelos Gold Project in Mexico.Fred Stanford, President and CEO of Torex stated, "I can confirm we have been in close discussions with the Economy Ministry of Mexico, who are spearheading efforts to ensure a timely and authoritative response to the temporary suspension of drilling activities at our Morelos Gold Project announced in our press release dated March 24, 2011. We are truly appreciative of the concern, interest and timely response shown by Minister Ferrari and his office as well as other Federal, State and Municipal officials.""Action is underway and we are confident that Federal and State authorities will help facilitate the appropriate safeguards and security measures to allow us to recommence our exploration programs as soon as possible. We believe that this, along with new Company security measures, will result in a security presence that will provide long term stability for the Morelos Gold Project", he added "We could not have asked for better cooperation from government officials and plans are being developed for a timely return to the site."

And this is what it means:

TORONTO, ONTARIO--(Marketwire - 03/30/11) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX:TXG - News) reports that it still isn't drilling, its staff are scared crapless after being robbed of their 4X4 vehicles at gunpoint last week and that the salary bill for security going forward is going to cost an arm and a leg, what with the Morelos property being in the middle of freakin' nowhere and a sitting duck for further violent criminal attacks. I mean, it's not like Mexico has a problem with organizaed crime at the moment is it?

...the Gold/Silver ratio and i'll try to put it up later, but right now we have a Internal Server Error code 500 and that nice Mr Google doesn't want to post images on the interwebnetpipes. So click throughhere for the chart.

Today's reading as this post is written stands at 37.81X, a few clicks lower than yesterday's close shown on the chart. Deflationary event? I see no deflationary event.

3/29/11

Here's a five chart of Pacific Rubiales (PRE.to) that shows the end of last week's action and the two days of this week.

And just so things are clear, this one shows PRE.to matched up against ^XOI, the Amex Oil Index, to show how the stock has done compared to the industry benchmark.

A 10% gap between the industry benchmark and PRE? Wowsers, so what's changed? Well, there was this superlative post about PRE.to by Setty that hit the wires on Sunday March 27th which pointed out the recent issues over at the company and especially how management has been playing the mushroom politics card...as well as making significant insider sales on info of bad production numbers that it held back from the world. And if you haven't worked it out already, Setty is a dude read by anyone who needs to keep in touch with the LatAm O&G scene .....due mainly to his brilliance.

The thing is, asSetty pointed out in his post last weekendit would have been much easier for the PRE.to IR department to have answered his mails and calls for replies to his queries and presented its side of the case that (knowing the fair-handed Setty as I do) would have made it into print to balance things up, but that never happened. We can only assume that the mighty and rich PRE.to Public Relations people were too busy lunching and couldn't be bothered to talk to a pissant little blogger. But hey never mind that, PRE.to IR department, you've only lost over $510m in market cap since Monday. What's half a billion between friends these days?

This arrived in your humble scribe's mailbox this morning, in its original French version and in the English translation you see before you. The author of the letter has given specific instructions to publish the words as widely as possible and so your author is pleased to do just that.

That crimes are committed in any country is a sad but clear reality. But if crimes are left uninvestigated by the country's police forces and, even worse, the victims are treated with total disrespect, the result is something far more dangerous for the future. IKN leaves you with the words of long-resident academic in Bolivia, Mme Demélas.

Dear friends and colleagues,

Last Tuesday at 9 o'clock in the evening, my eldest daughter Bertille was attacked by three men, raped and beaten up. The police thereupon kept her in their station from 10 o'clock till 4 in the morning, without giving her the slightest attention nor informing her family or the consular services.

Like any mother whose children have been treated like this in a town where delinquency is constantly growing, such behaviour raises doubts as to whether any investigation will be carried out, or the guilty men ever be punished.

Therefore, since strikes and protest marches are not part of my culture, and considering that I have worked for 38 years to provide Bolivia with the results of my research in the service of her past, I have resolved not to write a line, not to give another course nor a single lecture in the service of this country until this crime has been punished.

I trust to those among you who manage Spanish as well as French the care of translating this announcement, and I thank them in advance.

Marie-Danielle Demélas

Honorary Member of the Bolivian Academy History
Chevalier e la légion d'honneur

The typical junior mining scam such as Mercer Gold (MRGP.ob) that's pumped by paid newsletter tripe suddenly swandives and dumps out on no apparent newsflow. This is because the scum behind it, in this case previously convicted securities fraudster Gordon Brent Pierce, decide to pull the plug and get out with whatever's left over. Meanwhile the poor bagholder innocent are left wondering WTF is going on.

and don't say we didn't warn you about this stupid, obvious junior mining BS play headed up on paper at least by the unspeakable Rahim Jivraj. Because we did. Over and over and over again.

3/28/11

Well, the Lima IGBVL is currently down 4.4%4.7% 5.1%, the Nuevo Sol (PEN) currency has lost over 1% to the dollar and stands at U$1 = S/2.815 right now, BMO has decided to dump FVI at any cost and that's just one stock of many Peru exposed miners feeling the pinch today (check RIO.v, BVN, DNT.to, SCCO, plenty of others).

I love it when you gringos panic about things you pretend to understand, so I'd just like to say thank you, once again, for giving me your money. Good of you.

Yup, in a touch over one month he sold the lot of them (and this is the exec chair we're talking about here, not some IR guy who got lucky and wants to buy his first 4X4 or something) and the dude now owns zero shares of GPR and zero options (according to SEDI at least).

And now, the promised question for all you out there in retail investorlandia:x

Argentex Mining (ATX.v) is today's example of just another grubby day in the world's sleaziest mining market.

So maybe when those lazy donothings over at the BCSC have finished their second latte of the morning, they might want to take a bracing morning stroll down to 1100 Melville suite 835 and ask the brass at ATX.v if they know anything about the sheer coincidences mapped out in the above chart.

This month we've already seen the conviction papers that explain in clear detail how Richard Glenn Fifer Carles of Panama (and not some homonym in Miami)was convicted of narcotraffickingback in the 1970s, with half a dozen or so examples of cocaine and marijuana pushing brought before the court, his conviction, his time locked away and his probation. So yes, despite his denials on the matter (he's now trying to play with his own name, call himself "Richard Carles Fifer" and confuse people into believing it's not him, FWIW) we know he's a convicted felon. But as a few mailers have pointed out, it was a long time ago, he did his probation and kept out of trouble afterwards and perhaps there's good reason to give him the benefit of the doubt and not to assume that leopards never change their spots.

Fair enough, so let's move on and see how Richard Fifer of Petaquilla (PTQ.to) treats people he goes into business with, shall we? This link will take you to a court decision in Panama dated May 4th 2000 regarding the case brought against Richard Fifer (via his company Minamerica Corporation) by Julio Benedetti (via his company Inversiones Geologicas SA). The court decision is in Spanish, but it's pretty clear stuff for those versed in the language and the main judgement is that Fifer (via his company) was ordered to pay back U$475,000 to Benedetti (via his company).OK, so Fifer lost his case, but the details of the action show Fifer in his true light. By way of a brief summary of the case, here are a few bullet points:

In 1994, Inversiones Geologicas (the Benedetti company) lent Minamerica (the Fifer company) U$400,000 at a rate of interest of 9.25% annual. This interest was calculated to 1998 and explians the $475,000 total judgement against Fifer.

Fifer then got his company to lend him the money. In other words, he cleaned out Minamerica of all cash assets and we assume lived his own style of highlife on the $400k. And hey, that kind of wedge buys more than a single round of mojitos.

When Benedetti (via his company) asked for his money back (we assume he went through the normal protocolar channels to do so), Fifer said something to the effect of "Minamerica is bankrupt, it has no money left, it's not my problem, sorry dude, you lose".

So Benedetti then somehow finds out that Fifer asset stripped the company, pulled a fast one and was living on the money borrowed out of a company that he himself bankrupted.

Then to the courts. Benedetti won.

Listen, those bullet points above are a mix of the facts of the case and a tad of interpretation of what probably went on, so I highly recommend you download your own copy and get the full info yourself. But even if the interpretation is a bit loose, we're really not going to be far away from the substance of Richard Fifer's idea of doing business. This very same dude now runs a gold mine in Panama! FerCryinOutLoud, you must be mad to put your cash to work under the auspices of a scumbag drug dealing fraudster like this. DYODD.

OHMYLAWDWEALLGONNADIE! Gold's down a full TWENTY UNITED STATES DOLLARS because of...err, what was it again?...err...oh yeah, the Fed isn't going to run QE3. and that must be true because they said so and I read it in the newspaper. Well I had a good chortle about that one, but then again my sense of humour has always been a burden to me. Oh how I used to laugh after being fired by yet another dumbass boss in a badly tailored suit just because I couldn't help a) laughing at his suit or b) explaining his dumbassery to him in words that even he would understand.

BUT I DIGRESS! Yeah, gold's down this morning so don't forget to dump-panic-sell all those gold miners you have in your port selling at 6X earnings....after all, how could they possibly make money at $1.4K Au?* Y'all be having one of them there nice days now y'all.

3/27/11

Your author has heard on good authority that there are many unhappy shareholders of Greystar Resources (GSL.to) out there in investment land. In fact they're so unhappy that on May 18th, at the company's Annual General Meeting, enough big shareholders of GSL have already agreed to pool their votes, take over the meeting from the floor and kick the current board of directors out of the company once and for all. Your humble scribe also hears that the unhappy holders have already got together more than 51% of the voting shares so get ready for the fireworks because this one is going to happen, folks.

And quite right too, considering the utter balls-up GSL.to has made of its 15 years in Colombia and the mushroom politics it's employed to the people who pay them good money for zero results. Welcome to capitalism, Kesler. All that's left to consider is how this will play out. So will GSL;

Try to pretend the threat isn't serious and have a really bad day at the office May 18th?

Try to do the sneaky deaky and postpone the AGM?

Do something that may equate to honourable (even at this late stage) and resign en masse before the fateful day arrives?

IKN99 has just been sent to subscribers. Meanwhile, in other news blog reader 'PS' writes this mail (redacted):

"Hi Otto, I have been reading your blog for a few months now and wanted to ask you about the discounted subscription. Does the $25 monthly subscription fee only apply when paying annually or can I subscribe now and pay $25 monthly as long as it is continuous? Hope that makes sense. As you can tell from this email, I really enjoy the blog. Thanks, PS"

The best answer I have to that is 1) to write it here so more readers than just PS get the message and 2) explain the following:

Next Monday April 4th, the price of The IKN Weekly is going up to $40 per month or $400 per year for all new subscribers.

That means that anyone subscribed before April 4th will pay the current rate of $25/month or $250/year

But to get to your point and answer your question PS, if you subscribe now at $25/month (or $250/year) you will not be asked to pay the new rate once it's in place. You will be grandfathered indefinitely at the old rate as long as you're on board before April 4th. By way of a clear example, if you subscribe on April 3rd, come May 3rd you'll be charged $25 for the next month's editions (and the same for all following months). But if you subscribe on April 5th, you'll pay $40 in May (and all following months). That also applies to the $250 yearly subscription price.

That answer your Q, PS? Thanks for writing by the way, as it might help others too.

Setty does it again with a top post on Pacific Rubiales (PRE.to), Colombia's biggest private oil company and purveyor of bullshit numbers to the market. You just have to read the whole thing over there cos there are dynamite facts and snippets all through the article, but here's a section to whet your appetite for the corporate Shenanigans as exposed.

"...reading through the last few weeks’ news, I don’t see anyone saying publicly the three things that were most completely screwed up about this situation.

1. The company giving 220,000 barrels a day as their figure for year-end oil output as late as February, even though they should have known a month earlier that the number was fiction.

2. Board members front-ran the bad news with millions of dollars in stock sales, during a period when they should have known about the bad news to come.

3. Executives are refusing to buck up and accept responsibility for missing on oil output and reserves replacement.

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The information and opinions contained within this site reflect the personal views of Inca Kola News and therefore all material within should not be construed as accurate or reliable or be utilized as advice for investment or business purposes. Independent due diligence and discussions with ones own investment and business advisors is strongly recommended. Accordingly, nothing on this site should be construed as offering a guarantee of the accuracy or completeness of the information contained herein, as an offer or solicitation with respect to the purchase or sale of any security or as an endorsement of any product or service. All opinions and estimates included on this site are subject to change without notice. All content may be reproduced under fair use doctrine providing proper credit and a return link is made to this site.